Nasdaq has partnered with CryptoCompare to offer institutions access to market-leading cryptocurrency data. The Nasdaq/CryptoCompare Aggregate Crypto Reference Prices allows institutional investors to monitor the most liquid digital assets in the cryptocurrency markets by offering minute-by-minute pricing data.
The new product is based on CryptoCompare’s datasets, which include cryptocurrency trade, order book, historical, social and blockchain data.
As the crypto markets mature, big investors are looking for quality data backed by quantitative research to underscore trading decisions. In an industry that has been plagued by reports of fake volumes, wash trading and other market manipulations, CryptoCompare promises to enhance institutional capabilities in the crypto markets.
According to a press release shared with The Daily Hodl, Nasdaq’s Quandl platform, a leading source for financial, economic and alternative datasets, will provide the new cryptocurrency pricing product for its customer base of over 400,000 analysts worldwide, including top hedge funds, asset managers and investment banks.
Says Charles Hayter, CEO of CryptoCompare,
“Reliable data is the bedrock of transparent, liquid markets and by bringing our high quality, granular dataset to a global institutional client base, via the Quandl platform, we will give traders and investors a competitive edge.”
CryptoCompare has also recently partnered with leading cryptocurrency exchange and derivatives trading platform BitMEX to provide institutional investors with cryptocurrency futures data.
The real-time dataset will be integrated into Refinitiv’s Eikon terminal.
Says BitMEX CEO Arthur Hayes,
“When it comes to investing, good decision-making depends on access to solid data insights. We are pleased to deliver a new wealth of data on cryptocurrency futures for institutional investors that can contribute to their overall confidence throughout their decision-making process.”